Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus recommendation of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.00.

NSA has been the topic of several recent research reports. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets set a $26.00 price objective on National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Co increased their price objective on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Robert W. Baird set a $37.00 price objective on National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus assumed coverage on National Storage Affiliates Trust in a research report on Monday, August 19th. They set a “buy” rating and a $36.00 price objective on the stock.

NYSE NSA traded down $0.25 during trading on Friday, reaching $32.18. The company’s stock had a trading volume of 12,321 shares, compared to its average volume of 339,738. The stock has a market capitalization of $1.92 billion, a PE ratio of 23.30, a P/E/G ratio of 4.16 and a beta of 0.32. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a fifty day moving average of $32.18 and a 200 day moving average of $29.81. National Storage Affiliates Trust has a one year low of $24.44 and a one year high of $34.80.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.57). The firm had revenue of $95.42 million for the quarter, compared to the consensus estimate of $95.75 million. National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. National Storage Affiliates Trust’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Research analysts expect that National Storage Affiliates Trust will post 1.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, September 12th. National Storage Affiliates Trust’s dividend payout ratio is presently 92.75%.

A number of hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new stake in National Storage Affiliates Trust in the 2nd quarter worth approximately $45,783,000. Invesco Ltd. lifted its stake in shares of National Storage Affiliates Trust by 228.9% in the 2nd quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trust’s stock valued at $59,081,000 after purchasing an additional 1,420,851 shares during the period. Marshall Wace LLP lifted its stake in shares of National Storage Affiliates Trust by 3,014.9% in the 2nd quarter. Marshall Wace LLP now owns 688,151 shares of the real estate investment trust’s stock valued at $19,914,000 after purchasing an additional 666,059 shares during the period. Westwood Holdings Group Inc. purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at approximately $17,127,000. Finally, Luminus Management LLC purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at approximately $9,732,000. Institutional investors own 94.91% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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